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Abu Dhabi Company owned by Abdulla Al-Kabihad the following is the last few year December 2000 RECORDING ENTRIES Sep. I Abdallah Al Ketbi, the owner,

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Abu Dhabi Company owned by Abdulla Al-Kabihad the following is the last few year December 2000 RECORDING ENTRIES Sep. I Abdallah Al Ketbi, the owner, invested $40,000 cush, and office equipment with a value of 10,000, launch Al Dhab Corpory Sep. 10 Received $4.950 cash to perform future consulting services for an industrial custom Oc! Paid in advance $24,000 cash for one year of office rent expense through September Both of the next Oct 15 Paid $4,200 cash in advance to a law firm for the future legal services to be received Oct 20 Abdullah withdrew 53.200 cash from the company for his personal use. Oct 31 Salaries expenses amounting $2.900 for the month of October are paid at the end of the month Nov 15 The company purchased $4,000 of additional office equipment on credit Dec 20 The company completed the services worth $10,000 for a client. This amount is to be received after 60 days ADJUSTING ENTRIES Dec 31 The company has performed $3,400 of services that the customer paid for on September loth. Dec 31 Onicerent expense has been used for 3 months from October 1 to December 31st. An adjusting entry is required to this effect Dec Legal services amounting S1.000 not received yet for which an advance was paid on October 15th Required: - a) Prepare recording entries during the year for these transactions under the method that records prepaid expenses und unearned tevenises at the time cash is paid or received. (4 marks) b) Prepare three of the given adjusting entries mentioned above at the end of the year on Dec 31

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